Articles and analyses from the INET community on the key economic questions of our time.
Incomes Destroyed at the Bottom, Profits Supported at the Top
Some Personal Reflections on a Half Century of Friendship and Appreciation
On the Modern Economic Theory of Incentives, Markets, and Socialism
The U.S. economy is increasingly becoming a dual economy, where high productivity sectors—such as manufacturing—and high pay sectors—such as finance and professional services—co-exist with low pay and low productivity sectors that employ most workers.
Summers and Stansbury mark a dramatic shift from New Keynesian orthodoxy, but only make it halfway to understanding the demand-driven nature of stagnant growth
Mott walks us through answers many careful readers of Kalecki, Keynes, Steindl, and Minsky knew all along.